Category Archives: Guinea News

Pineapple producers buying fertilizers within the framework of the pilot

A leading exporter up until the 1970s and recognized for the quality and variety of its pineapples, including the Cayenne Lisse, Baroness of Rothschild and Queen Victoria, Guinea has been absent from major fresh pineapple consumer markets in recent yearsread more

An IMF staff team led by Giorgia Albertin visited Conakry from May 15 to 25, 2017, to discuss recent economic and financial developments and Guinea’s economic prospects. The team prepared the ground for a future visit for the negotiation of a new IMF-supported program.read more

Africa Finance Corporation (AFC) has announced that a plan to invest 205 million USD in Guinea as an effort to help boost mineral exploration in the country through Alufer Mining Company (a Guinea based mineral exploration company) at their high grade bauxite reserve, Bel Air mine. The Bel Air mine is targeting release its first production by 2019 with an expected 10 million tonnes a year. The global bauxite supply is currently falling deficit to growing demand and thus, the development of AFC will increase production to contribute to global demand.read more

Marriott International debuts First Hotel in West Africa with Sheraton Grand Conakry

Sheraton Hotels & Resorts(www.StarwoodHotels.com/sheraton), part of Marriott International, Inc. (www.Marriott.com), announced the debut of Sheraton Grand in Africa with opening of Sheraton Grand Conakry (www.SheratonGrandConakry.com), welcoming it to the brand’s premier tier of hotels recognized for their exciting destinations, distinguished designs, and excellence in service and guest experiences. The newly built hotel marks Marriott International’s entry into Guinea, West Africa and joins a portfolio of more than 35 Sheraton Grand properties worldwide, with destinations spanning Istanbul, Dubai, Bangalore, Beijing and beyond.read more

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The project is set to provide a significant boost to local economies across Guinea, offering businesses affordable access to fibre-like broadband speeds that enable a wealth of advanced communicationsread more

A UK trade delegation visited Guinea from October 31 to November 3, 2016 to meet with local mining companies. The objective of this mission was to meet with mining stakeholders in Guinea to find business and partnerships opportunities. The delegation included representatives of some companies such as Concrete Canvas, PW Mining International Limited, SRK Consulting, Joy Global, MonuRent and the UK International Trade Department.read more

Low commodity prices, climate change, and insecurity are forcing many countries to make significant fiscal adjustments, African finance ministers said during the IMF-World Bank Spring Meetings in Washington D.C.read more

Neoliberal reforms in Africa, increasing global commodity prices and rising global resource demands have led to significant economic turnovers within the recent past decade for some African nations – Libya, Ivory Coast, Ghana, Nigeria, Liberia, Sierra Leone, South Africa, Egypt, among the rest . In accordance, there has been a substantive growth in the extractive industry investment, especially in sub-Saharan Africa. A surge of investment within extractive industry has brought about a diverse number of feedback in mineral-rich countries. In Ghana, there has been a boom investment towards artisanal mining while violating national mining principles and regulations and also neglecting Cooperate Social Responsibility (CSR), main focus is trade! The situation is similar in most mineral-rich countries— varied concerns from society including rejection of the extractive industry or acceptance with high expectation of increased economic status of the society arising from gainful employment, and protest over labour conditions.read more

An IMF mission led by Abdoul Aziz Wane visited Conakry during December 2-15, 2015, to conduct discussions on the sixth and seventh reviews of the authorities program supported by an arrangement under the Extended Credit Facility (ECF).[1]The IMF Executive Board approved the arrangement for Guinea on February 24, 2012 for SDR 128.52 million, about US$ 200 million (see Press Release No. 12/57).read more